Proud Trezor Wallet Owner Jack Dorsey Maxes Out Square’s Cash App for Buying Bitcoin Weekly
Earlier today, polarizing social media moghul ‘Jack Dorsey’ took to Twitter (a platform that he also owns) to announce that he had just purchased a Trezor hardware wallet.
For those of our readers who may not be aware, Trezor is a crypto storage solution that allows owners to keep track of their crypto savings in a completely streamlined, hassle free manner. Additionally, the device supports a plethora of alt-currencies including Bitcoin, Ether, XRP etc.
Just bought a @Trezor hardware wallet with bitcoin through @CashApp pic.twitter.com/TBYn1q5XzI
— jack 🌍🌏🌎 (@jack) March 7, 2019
Dorsey is a Big Fan of BTC and it Shows…
During his appearance on CNBC’s ‘Fast Money’ earlier this week, Dorsey revealed that he is obsessed with cryptocurrencies and is always on the lookout for newer, more secure/reliable storage options for his altcoin savings.
He then went on state that on an average, he spends around $10K on Bitcoin every week— thus clearly showcasing his affinity for this burgeoning asset class. Elaborating further on his pro-crypto stance, Dorsey revealed that to execute his digital asset purchases, he makes use of the acclaimed dollar-cost averaging (DCA) investment strategy— where the user only spends a fixed amount of money to purchase a digital currency (that too at defined time intervals).
Lastly, it is also worth remembering that Dorsey is the CEO of Square, a crypto investment portal that is all set to integrate support for the Lighting Network (LN) — a protocol that will make BTC transactions faster and much more economical for the masses.
In closing out this piece, it is worth pointing out that Dorsey seems to have chosen the Trezor hardware wallet over the Ledger Nano S because the latter seems to not be “fully open-source based”.
Last but not least, we should also point out that during his recent appearance on the Joe Rogan Experience, Dorsey stated that he remains “ultra bullish” on the future prospects of BTC. In this regard, he was recently quoted as saying that the flagship cryptocoin has the potential to one day become the “currency of the internet”.
However, with that being said, he did add that he saw “little to no value” in other alt-assets such as Ethereum and TRX.